Target Corporation (TGT)
Operating return on assets (Operating ROA)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 5,707,000 | 3,848,000 | 8,946,000 | 6,539,000 | 4,658,000 |
| Total assets | US$ in thousands | 55,356,000 | 53,335,000 | 53,811,000 | 51,248,000 | 42,779,000 |
| Operating ROA | 10.31% | 7.21% | 16.62% | 12.76% | 10.89% |
February 3, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $5,707,000K ÷ $55,356,000K
= 10.31%
The operating return on assets (operating ROA) of Target Corporation has fluctuated over the past five years. In the most recent fiscal year ending on February 3, 2024, the operating ROA was 10.31%, representing a moderate increase compared to the previous year's figure of 7.21%.
When comparing the operating ROA to two years ago, we observe a significant decrease from 16.62% in January 2022 to 10.31% in February 2024. This suggests that Target Corporation's ability to generate operating income from its assets has weakened during this period.
Furthermore, in the fiscal years ending on January 30, 2021, and February 1, 2020, the operating ROA stood at 12.76% and 10.89%, respectively. These figures indicate a relatively stable performance in terms of operating efficiency and asset utilization during those years.
Overall, Target Corporation's operating ROA has shown fluctuations in recent years, with the latest figure indicating a modest improvement compared to the prior year. Further analysis of the company's operational efficiency and asset management practices may be warranted to identify factors contributing to these changes.
Peer comparison
Feb 3, 2024